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Risk and Uncertainty in Information Society

Author

Listed:
  • Florentina Raluca Bilcan
  • Ionut Adrian Ghibanu
  • Ion Ionut Bratu
  • George Adrian Bilcan

Abstract

Uncertainty and risk can be found anywhere, combined in different proportions, so that for any assumed conscious process that takes place in any field of activity, uncertainty cannot be eliminated. This article presents a series of general and specific problems that organizations in the current economic context may face in carrying out their activity, then finding solutions to optimize this activity through the risk minimization models. The results show that a number of tools and models that are currently being applied with great success in organizations have a potential that is still undesirable and could contribute to a greater extent to improving their performance and sustainability.

Suggested Citation

  • Florentina Raluca Bilcan & Ionut Adrian Ghibanu & Ion Ionut Bratu & George Adrian Bilcan, 2019. "Risk and Uncertainty in Information Society," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(4), pages 126-131, December.
    • Handle: RePEc:khe:scajes:v:5:y:2019:i:4:p:126-131
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    References listed on IDEAS

    as
    1. Mark Skilton & Felix Hovsepian, 2018. "The 4th Industrial Revolution," Springer Books, Springer, number 978-3-319-62479-2, January.
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    More about this item

    Keywords

    Information society; risk; uncertainty; probability; confidentiality;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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